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Our specialists are ready to give you the advice you may need before starting your business and to help you register your own business in each Canadian province or territory successfully.
Sole proprietorship is a form of business ownership in Canada that is more facile and economical than other types. A sole proprietorship is in the possession of one person.
As a sole proprietor, you are fully responsible for all debts and obligations of your business. All the profits and losses of the business would be yours. Despite owning 100% of your business and the tax simplicity of this structure, the risk of this type of ownership is high and it also threatens your personal assets.
The partnership form of business ownership is suitable for individuals who like to have their own business, but they don’t want to be the sole owner and operator. You can use the skills and capabilities of two or more people and share the strength and weaknesses together to achieve the common goals. This type of ownership has such advantages as member collaboration, participation in financial resources and tax simplicity but in some cases, it can be troublesome.
If you want to have your own business with high tax advantages and minimum of personal liability, creating a corporation could be your best choice.
The corporation is a limited company or a separate legal entity consisting of shareholders who are responsible for the debts, obligations or acts of the company. The corporation can be federal or provincial; federal incorporation lets the company work under its corporate name throughout Canada, while provincial incorporation lets the company work under its corporate name in a particular province.
In case you are eager to incorporate in Canada, our professional advisers analyze all the available options and offer the best one based on your desire and your status.
- Federal Corporation
- Alberta Corporation
- Manitoba Corporation
- Newfoundland and Labrador Corporation
- Nova Scotia Corporation
- Nunavut Corporation
- Northwest Territories Corporation
- Prince Edward Island Corporation
- Yukon corporation
- Ontario Professional Corporation
- British Columbia Professional Corporation
- Quebec Professional Corporation
- New Brunswick Professional Corporation
- Saskatchewan Professional Corporation